General overview for 09/11/2015 09:50 CET
The wave b purple is completed and the price is now rallying upwards to complete wave c of the corrective cycle in wave (b) blue. The first target for wave (b) is seen at the level of 133.55, but it might goes higher into the demand breakthrough zone and be capped then.
131.47 – WS1
123.34 – Weekly Pivot
132.70 – Intraday Support
133.20 – WR1
133.55 – Intraday Resistance
Day traders should consider placing buy orders at current price levels with SL below the level of 132.70 and TP at the level of 133.55.
The material has been provided by InstaForex Company – www.instaforex.com